Wealth Enhancement Group Adds Another $1B-Plus RIA

Wealth Enhancement Group, an independent wealth management firm with more than $66.5 billion in total client assets, has acquired $1.1 billion New Era Financial Advisors, Inc. a hybrid RIA with office in Wayzata and Hutchinson, MN.

Terms of the deal were not disclosed.

The deal is the Plymouth, MN-based serial RIA acquirer’s fifth of the year and the second with a firm overseeing at least $1 billion in assets.

New Era Financial Advisors’ team of six advisors and 11 support staff is led by Donald Warner, Grant Lindaman and Shad Ketcher.

“With client service as our #1 priority, New Era and Wealth Enhancement Group share many core values and a similar culture. These important commonalities created a natural fit between our two firms, and we look forward to partnering with the New Era team for years to come,” said Jeff Dekko, chief executive officer of Wealth Enhancement Group.

Founded in 1982, New Era Financial Advisors, Inc. offers asset management, wealth management, qualified retirement plan support and financial planning to high-net-worth individuals.